Understanding the Difference Between Pre-Approval and Pre-Qualification

In this episode of Coach's Corner, Coach Clarence discusses the difference between a pre-approval and a pre-qualification when it comes to financial matters. He explains his methodology for getting clients ready and emphasizes the importance of ensuring accurate information upfront to avoid any surprises later on. Coach Clarence breaks down the process of pre-approval and how it is based on initial information provided by borrowers. Tune in to learn more about the importance of pre-approval in financial matters.
[00:01:22] Pre-approval and pre-qualification.

[00:06:22] Understanding borrower's income.

[00:10:27] Credit repair industry and errors.

[00:12:03] Credit Score Ranges.

[00:17:34] Becoming an authorized user.

[00:19:15] Building credit with a CD.

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